2 months have elapsed following my purchase conveyancing in Soham concluded. I have checked the Land Registry website which shows that I paid £150,000 when infact I paid £160,000. Why the discrepancy?
The price paid figure is taken from the application to register the purchase. It is the figure included in the Transfer (the legal deed which transfers the asset from one person to the other) and referred to as the 'consideration' or purchase price. You can report an error in the price paid figure using the LR online form. In most cases errors result from typos so at first glance the figure. Do report it so they can double check and advise.
I have been on the look out for a flat up to £235,500 and found one near me in Soham I like with amenity areas and transport links nearby, the downside is that it's only got 49 years on the lease. There is not much else in Soham in this price bracket, so just wondered if I would be making a mistake purchasing a lease with such few years left?
If you need a home loan that many years will be an issue. Discount the price by the amount the lease extension will cost if not already taken into account. If the current proprietor has owned the property for a minimum of 2 years you may ask them to commence the lease extension formalities and pass it to you. An additional ninety years can be extended on to the current lease term and have £0 ground rent by law. You should consult your conveyancing solicitor concerning this matter.
What does commercial conveyancing in Soham cover?
Soham conveyancing for business premises incorporates a broad range of services, provided by qualified solicitors, relating to business premises. For example, this type of conveyancing can cover the sale or purchase of freehold business premises or, more commonly, the transfer of existing leases or the drafting of new leasing arrangements. Commercial conveyancing solicitors can also offer advice on the sale of business assets, commercial loans and the termination of tenancies.
As co-executor for the estate of my aunt I am disposing of a house in Cardiff but live in Soham. My lawyer (based 250 miles from merequires that I sign a statutory declaration before completion. Can you recommend a conveyancing solicitor in Soham to attest this legal document for me?
strictly speaking you should not need to have the documents witnessed by a conveyancing solicitor. Ordinarily any notary public or qualified solicitor will do regardless of whether they are Soham based
Leasehold Conveyancing in Soham - Sample of Questions you should consider before Purchasing
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How much is the ground rent and service charge?
The prefered form of lease structure is where the freehold reversion is owned by the leaseholders. In this scenario the tenants enjoy being in charge if their destiny and notwithstanding that a managing agent is usually employed where it is larger than a house conversion, the managing agent is directed by the tenants.